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(Kitco News) - Reunion Gold (TSXV: RGD) yesterday announced an initial mineral resource estimate (MRE) at the Kairuni zone on its Oko West project in Guyana, with an effective date of June 1, 2023.
In a statement, the company said that the initial pit-constrained MRE is comprised of 2.475 million ounces of gold in the indicated category contained within 41.789 million tonnes grading 1.84 g/t, and 1.762 million ounces of gold in the inferred category contained within 27.129 million tonnes grading 2.02 g/t Au.
Importantly, Reunion noted that gold mineralization at the Kairuni zone remains open at depth, with high grade zones already demonstrated beneath the open pit constrained MRE in Block 4.
In addition to the ongoing drilling at the Kairuni zone, the company believes there is further potential to discover additional zones of gold mineralization outside of the Kairuni zone – an exploration program including 15,000 m of combined RC and diamond drilling is initially planned to target these areas.
The company also said that the initial MRE will form the basis of a preliminary economic assessment study, expected by Q4 2023.
President and CEO Rick Howes commented, “Today’s maiden resource confirms Oko West as a quality multi-million ounce gold discovery with potential for further growth. Thanks to our exploration team’s hard work, in just 22 months of drilling, we have outlined a sizeable resource containing 60-to-100-meter thick saprolite cover, good grade continuity over a 70 meters average thickness to a depth of over 600 meters and with grades well above industry average.
“Further work is planned to both grow and infill this maiden MRE, which remains open to further expansion, particularly at depth. In addition, we continue to explore several other promising targets on our prospecting license including the Bryan, Takutu and Carol zones.”
Reunion Gold indicated it is a leading gold explorer in the Guiana Shield, South America. In early 2021, the company announced new greenfield gold discovery at its Oko West project in Guyana, where after 22 months of resource definition drilling the company has announced an initial mineral resource estimate containing 2.475 Moz of gold in indicated resources and 1.762 Moz of gold in inferred resources.
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